Fact checked by Stella Osoba SpaceX, founded in 2002 by Elon Musk, has transformed aerospace by creating reusable rockets and dramatically reducing launch costs. From achieving the first commercial spacecraft to dock with the International Space Station to developing the Starship,

Elon Musk's SpaceX (SPACE) and its investors have agreed to buy as much as $1.25B of insider shares in a deal that values the spacecraft maker at about $350B, Bloomberg reported, citing an internal email.

SpaceX’s valuation continues to rise at an eye-popping pace, with the company reportedly in talks to sell insider shares at a price that would value it at